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Reply #1: From what I understand, the CEO's COULD go to prison [View All]

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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-18-09 06:13 AM
Response to Original message
1. From what I understand, the CEO's COULD go to prison
if their co's broke the law in a serious & criminal manner. I'm not an attorney, but about 30 years ago I remember having a conversation like this with our corp lawyers. They told me one of the big reasonscorperations were given a "person identity" was because lawsuits could then be levied against the corp. Apparently you can't sue a "thing" but you obviously can sue a person.

I have to believe a law could be written to at least partially shelter the corp. officers and still hold the corp. entity liable. Something like assigning culpability to a corp. entity for liability purposes, but revokeing "personhood".
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